Bearish flow noted in AT&T with 12,383 puts trading, or 1.9x expected. Most active are Aug-24 13 puts and 8/9 weekly 18.5 puts, with total volume in those strikes near 3,500 contracts. The Put/Call Ratio is 1.69, while ATM IV is up over 2 points on the day. Earnings are expected on October 17th.
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